Common: 10,000,000 or more minted. Sells often: 174 verified sales in the last 12 months.
2 Shillings - George VI with 'IND:IMP' (1937–1946)
"Florin"
Circulating version: 1937 1 Farthing - George VI with 'IND:IMP'
| Country | United Kingdom |
| Year | 1937–1946 |
| Denomination | 2 Shillings |
| Face value | 10p |
| Mintage by year |
Scarcest year: 7,909,300 struck
|
| Mint | Royal Mint · Llantrisant |
| Circulation | Circulating |
| Demonetised | 1993 |
| Composition | Silver (.500) (500/1000 fine) |
| Weight | 11.310g · 0.1818 t oz |
| Diameter | 28.5mm |
| Thickness | 2.10mm |
| Shape | Round |
| Edge | Milled |
| Orientation | Medal alignment ↑↑ |
| Obv. artist | Thomas Humphrey Paget |
| Rev. artist | George Kruger Gray |
| Grade scale | UK (EF/UNC) |
Uncrowned portrait of King George VI left, legend around.
GEORGIVS VI D:G:BR:OMN:REX
Crowned Tudor rose flanked by thistle and shamrock, legend above, denomination and date below.
FID:DEF:IND:IMP TWO SHILLINGS
2 Shillings - George VI with 'IND:IMP' market value
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Affiliate2 Shillings - George VI with 'IND:IMP' price history
Daily limit reached2 Shillings - George VI with 'IND:IMP' value by year
1937 to 1946 · median sold prices| Year | Mintage | Circulated | Uncirculated | Sales | |
|---|---|---|---|---|---|
| 1937 | 13,006,700 | £10.26 | £49.75 (2) | 16 | |
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VF£12.50EF£28.00UNC£95.00
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| 1938 scarcest | 7,909,300 | £8.66 type | £16.15 type | ||
| 1939 | 20,850,600 | £9.06 | £16.15 type | 16 | |
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VF£12.50EF£28.00UNC£95.00
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| 1940 | 18,700,300 | £8.66 type | £16.15 type | ||
| 1941 | 24,451,000 | £8.99 | £10.00 | 51 | |
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VF£12.50EF£28.00UNC£95.00
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| 1942 | 39,895,200 | £7.32 | £16.15 type | 21 | |
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VF£12.50EF£28.00UNC£95.00
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| 1943 | 26,711,900 | £6.95 | £16.15 type | 15 | |
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VF£12.50EF£28.00UNC£95.00
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| 1944 | 27,560,000 | £8.12 | £18.14 (1) | 22 | |
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VF£12.50EF£28.00UNC£95.00
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| 1945 | 25,858,000 | £8.53 | £14.01 (1) | 18 | |
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VF£12.50EF£28.00UNC£95.00
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| 1946 | 22,910,000 | £9.73 | £16.15 type | 17 | |
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VF£12.50EF£28.00UNC£95.00
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One row for each year the 2 Shillings - George VI with 'IND:IMP' was struck. Prices are medians of verified sold listings matched to that year from the listing: circulated is worn condition up to Extremely Fine, uncirculated is About Uncirculated or better. A count in brackets means fewer than three sales behind the figure; a grey figure marked "type" is the median across every year, shown where that year has no sale of its own yet; years with no sales yet fill in as sales are recorded. Most types have been searched year by year only since October 2026, so later years are still filling in. Use the grade table below for a price by condition across all years.
2 Shillings - George VI with 'IND:IMP' value by grade
Realised auction prices · ⭐ Pro Expand rows for individual sale records| Grade | Latest | Median | 30d Δ | All-time range | Sales (1yr) | Total sales | Last sale | |
|---|---|---|---|---|---|---|---|---|
| UNC | £16.15 🔒 eBay | £16.15 | – | £7.59 – £17.26 | 3 | 3 | 23-09-2026 | |
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| BU | £20.00 🔒 | £10.00 | – | £7.00 – £20.00 | 3 | 3 | 29-01-2026 | |
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| EF | £20.42 🔒 eBay | £18.00 | – | £8.66 – £20.42 | 5 | 5 | 01-10-2026 | |
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| VF | £9.82 🔒 eBay | £7.74 | ▼4.6% | £2.06 – £52.70 | 158 | 160 | 16-10-2026 | |
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| aUNC | £14.01 🔒 eBay | £14.01 | – | £7.44 – £18.14 | 3 | 3 | 23-09-2026 | |
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| PR-65 | £29.99 🔒 eBay | £49.75 (2) | – | £29.99 – £69.50 | 2 | 2 | 19-07-2026 | |
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About the 1937 2 Shillings - George VI with 'IND:IMP'
The 1937 2 Shillings - George VI with 'IND:IMP' is a circulating 2 shillings coin issued from 1937 to 1946, struck in 50% silver. It weighs 11.31g and measures 28.5mm across. Reverse design: Crowned Tudor rose flanked by thistle and shamrock, legend above, denomination and date below.
Mintage figures are recorded for 10 years between 1937 and 1946, 227,853,000 coins in all. 1938 is the scarcest date, with 7,909,300 struck. It is no longer legal tender (withdrawn 1993), so its value is to collectors only.
Common questions
How much is the 1937 2 Shillings - George VI with 'IND:IMP' worth?
Verified sold prices for the 1937 2 Shillings - George VI with 'IND:IMP' run from £7.74 to £49.75 across 6 grades, taking the median for each grade. Condition makes the difference, so check the grade table above before pricing one. Its silver content is worth about £7.26 at today's spot price, which puts a floor under its value.
Is the 1937 florin silver?
Yes. Every George VI florin dated 1937 to 1946 is .500 silver, half silver and half base metal, the standard used since 1920. The Royal Mint replaced silver with cupro-nickel for coins dated 1947 onwards, so a florin dated 1947 or later contains no silver.
Which George VI silver florin is the hardest to find?
1938. Coin Hunter and Wikipedia both give 7,909,388, the only date of the silver type under ten million and less than half of most other years. Tony Clayton says none of the dates is scarce but notes that the 1938 commands a premium.
Who designed the George VI florin?
Humphrey Paget modelled the uncrowned portrait of the King on the obverse. George Kruger Gray designed the reverse of a crowned rose between a thistle and a shamrock, and his initials K and G sit either side of the stalk just above the word SHILLINGS.
When did the florin stop being legal tender?
In 1993. Florins were revalued as 10p at decimalisation and kept circulating alongside the 10p coin. The Royal Mint Museum records that they were removed when the old large 10p pieces ceased to be legal tender at the end of June 1993.
How is the 1937 2 Shillings - George VI with 'IND:IMP' different from the circulating coin?
This is a collector version of the 1937 1 Farthing - George VI with 'IND:IMP', not the coin found in change. At 11.31g of 50% silver it is heavier than the 2.83g copper circulating coin, so weighing it is the quickest check.
How do I identify the 1937 2 Shillings - George VI with 'IND:IMP'?
Check the weight 11.31g and diameter 28.5mm and the metal (50% silver) against the specification table on this page. The reverse design is described above.
History and design
George VI's florin kept almost the exact look planned for his brother. Wikipedia notes that it closely follows the Edward VIII pattern, and Tony Clayton says the only change was GR in place of ER. Like the Edward VIII patterns it leaves out the words ONE FLORIN, which never returned.
It was struck every year from 1937 to 1946 in .500 silver, the standard used since 1920. On Coin Hunter's figures the ten dates total about 227 million, rising sharply in wartime to a peak of 39,895,243 in 1942. 1938 is the low point at 7,909,388, a figure both Coin Hunter and Wikipedia give. For 1937 the two differ: Coin Hunter has 13,006,781 and Wikipedia 13,033,183.
Silver ended with the 1946 date. The Royal Mint Museum explains that the metal was needed to repay silver borrowed from the United States during the war, and florins dated 1947 onwards were cupro-nickel.
The proclamation of 18 March 1937 sets out the reverse: a rose, thistle and shamrock under a crown, with the letters G and R below, the inscription FID DEF IND IMP, TWO SHILLINGS and the date. George Kruger Gray designed it, and his initials appear above the first L and second I of SHILLINGS, either side of the stalk. The legend stands for Fidei Defensor Indiae Imperator, Defender of the Faith, Emperor of India.
The obverse is Humphrey Paget's uncrowned left-facing portrait with GEORGIVS VI D G BR OMN REX. The Royal Mint Museum records that Paget alone was commissioned to produce the effigy after the abdication, and did so in little more than a month. The edge is milled.
Collecting notes
Clayton calls none of the dates scarce, but notes that the 1938 commands a premium. He also lists a 1937 proof and rare proofs for some dates from 1938 onward. The heavily struck war years, especially 1942, are the easiest to find.
Check the date to confirm silver: the cupro-nickel florin of 1947 and 1948 looks the same. No recognised varieties or mint errors are documented for this type. Florins stayed in use as 10p after decimalisation, and the Royal Mint Museum records that they were withdrawn when the old large 10p ceased to be legal tender at the end of June 1993.
Sources
The history, design, varieties and collecting notes on this page are drawn from these sources. Prices come from recorded sales, not from them.
- 1937 Coin Values, George VI, Coin Hunter (read 10 Oct 2026)
- Values of Florins, Tony Clayton, Coins of the UK (read 10 Oct 2026)
- Consequences of the Second World War, Royal Mint Museum (read 10 Oct 2026)
- Coin values by year, George VI (year pages 1938 to 1946, read one by one), Coin Hunter (read 10 Oct 2026)
- Florin (British coin), Wikipedia (read 10 Oct 2026)
- Proclamation determining the designs of the George VI coinage (18 March 1937), The London Gazette (read 10 Oct 2026)
- Humphrey Paget, Royal Mint Museum (read 10 Oct 2026)
- UK Coins of George VI, Tony Clayton, Coins of the UK (read 10 Oct 2026)
- Initials on British coins, TreasureRealm (read 10 Oct 2026)
- Florin, Royal Mint Museum (read 10 Oct 2026)
- Ten Pence: Florin, Tony Clayton, Coins of the UK (read 10 Oct 2026)